The major French banks are the first at European level to finance fossil fuels, despite commitments to carbon neutrality according to the “Banking on climate chaos” report produced by several NGOs. Since the beginning of 2016, French banks have paid 350 billion dollars to companies in this sector. At the global level, the report of the seven NGOs estimates the amount of funding at 742 billion dollars in 2021. The explanations of Louis-Maxence Delaporte, Zero Fossil Finance campaign manager at the NGO Reclaim Finance.
